CCLA Investment Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), CCLA Investment Management reported 59 stock positions worth $6.3 billion. Its top holding was Microsoft (MSFT) at 4.4% of the portfolio, followed by Amazon.com (AMZN, 3.9%) and Alphabet Class C (GOOG, 3.3%). Compared with Q3 2024, it opened 2 new positions, sold out of 12, added to 36 and reduced 20. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale an exit from Edwards Lifesciences (EW).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001631562
- Portfolio Value
- $6.3B (Q4 2024)
- SEC Filing
- 0001631562-25-000001 ↗ filed Jan 14, 2025
Holdings Value
Holdings 59 stocks · $6.3B
| MSFT Microsoft Corp. | 4.36% | 652,371 | $274.8M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 3.94% | 1,133,229 | $248.6M | Add +2.2% |
| GOOG Alphabet Inc. Class C | 3.33% | 1,101,121 | $209.7M | Reduce -2.4% |
| V Visa Inc. Class A | 2.73% | 544,994 | $172.4M | Reduce -5.0% |
| AVGO Broadcom Inc. | 2.47% | 672,361 | $155.8M | Add +907.8% |
| SPGI S&P Global Inc. | 2.45% | 310,432 | $154.7M | Reduce -2.4% |
| KO The Coca-Cola Co. | 2.44% | 2,472,226 | $154.0M | Add +22.7% |
| CME Cme Group Inc. | 2.42% | 658,109 | $152.8M | Add +22.0% |
| ANSS Ansys Inc. | 2.39% | 445,891 | $150.4M | Add +11.9% |
| ROP Roper Technologies Inc. | 2.36% | 286,508 | $148.9M | Add +4.3% |
| TW Tradeweb Markets Inc. Class A | 2.29% | 1,102,918 | $144.4M | Reduce -4.3% |
| ICE Intercontinental Exchange Inc. | 2.21% | 936,010 | $139.5M | Reduce -11.6% |
| SNPS Synopsys Inc. | 2.19% | 285,047 | $138.2M | Add +22.1% |
| BIP Brookfield Infrastructure Pa | 2.19% | 4,341,905 | $137.9M | No change |
| ORLY O'reilly Automotive Inc. | 2.18% | 116,043 | $137.6M | Reduce -4.1% |
| MA Mastercard Inc. Class A | 2.16% | 258,653 | $136.4M | Reduce -7.6% |
| FTNT Fortinet Inc. | 2.16% | 1,442,167 | $136.3M | Add +4.3% |
| ICLR Icon PLC | 2.15% | 646,929 | $135.6M | Add +45.4% |
| TMO Thermo Fisher Scientific Inc. | 2.13% | 258,571 | $134.5M | Add +3.6% |
| INTU Intuit Inc. | 2.02% | 202,638 | $127.4M | Add +11.5% |
| ZTS Zoetis Inc. | 1.96% | 758,335 | $123.6M | Add +21.8% |
| HDB HDFC Bank Ltd.-ADR | 1.95% | 1,929,091 | $123.2M | Add +9.1% |
| NVDA Nvidia Corp. | 1.94% | 911,645 | $122.3M | Add +2.3% |
| MCD McDonald's Corp. | 1.94% | 421,233 | $122.1M | Add +5.3% |
| ADBE Adobe Inc. | 1.90% | 268,886 | $119.6M | Add +4.8% |
| NICE Nice Ltd. - Spon ADR | 1.90% | 704,494 | $119.5M | Add +14.1% |
| MRSH Marsh & McLennan Cos | 1.85% | 548,546 | $116.5M | Add +10.5% |
| SYK Stryker Corp. | 1.79% | 314,087 | $113.1M | Add +4.7% |
| AVTR Avantor Inc. | 1.79% | 5,357,703 | $112.9M | Add +4.5% |
| NXPI NXP Semiconductors NV | 1.78% | 538,965 | $112.0M | Add +21.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.74% | 385,937 | $109.5M | New |
| ABT Abbott Laboratories | 1.73% | 963,113 | $109.0M | Add +12.4% |
| TRU Transunion | 1.68% | 1,143,105 | $105.9M | Reduce -37.9% |
| TXN Texas Instruments Inc. | 1.60% | 538,880 | $101.0M | Add +4.3% |
| DHR Danaher Corp. | 1.60% | 439,732 | $101.0M | Reduce -6.0% |
| IEX Idex Corp. | 1.58% | 477,170 | $99.9M | Add +10.1% |
| ACN Accenture PLC Class A | 1.49% | 267,710 | $94.2M | Reduce -5.0% |
| TT Trane Technologies PLC | 1.49% | 254,881 | $94.2M | Reduce -13.4% |
| NEE Nextera Energy Inc. | 1.48% | 1,300,285 | $93.2M | Add +5.0% |
| NOW ServiceNow Inc. | 1.47% | 87,727 | $93.0M | Reduce -27.6% |
| UNP Union Pacific Corp. | 1.45% | 401,342 | $91.6M | Add +15.8% |
| DE Deere & Co. | 1.44% | 213,714 | $90.5M | Add +11.2% |
| A Agilent Technologies Inc. | 1.43% | 669,251 | $89.9M | Reduce -14.5% |
| UNH Unitedhealth Group Inc. | 1.37% | 170,807 | $86.5M | Reduce -35.9% |
| ARE Alexandria Real Estate Equit | 1.30% | 841,435 | $82.0M | Add +4.0% |
| AMT American Tower Corp. | 1.26% | 432,891 | $79.3M | Add +5.5% |
| ILMN Illumina Inc. | 1.13% | 535,050 | $71.5M | Add +20.5% |
| BXSL Blackstone Secured Lending F | 1.07% | 2,085,597 | $67.3M | New |
| IR Ingersoll-Rand Inc. | 1.03% | 720,231 | $65.2M | Reduce -6.1% |
| BEP Brookfield Renewable Partner | 0.95% | 2,627,972 | $59.8M | Add +1.9% |
| ARCC Ares Capital Corp. | 0.77% | 2,211,955 | $48.4M | Add +31.6% |
| AME Ametek Inc. | 0.66% | 231,128 | $41.7M | Reduce -52.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.49% | 155,151 | $30.7M | Reduce -17.0% |
| MDT Medtronic PLC | 0.15% | 115,054 | $9.2M | Add +14.8% |
| ADP Automatic Data Processing | 0.07% | 14,265 | $4.2M | Reduce -14.9% |
| JNJ Johnson & Johnson | 0.06% | 26,135 | $3.8M | Add +30.4% |
| CSCO Cisco Systems Inc. | 0.06% | 60,553 | $3.6M | Add +27.6% |
| PG The Procter & Gamble Co. | 0.04% | 15,135 | $2.5M | Add +7.7% |
| HD Home Depot Inc. | 0.03% | 4,586 | $1.8M | Reduce -25.7% |
Portfolio Sells Q3 2024 → Q4 2024
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −2.04 |
| PEP Pepsico Inc. | Sold out | 0.00% | −1.83 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −1.78 |
| HUM Humana Inc. | Sold out | 0.00% | −1.78 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −1.36 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.20 |
| UNH Unitedhealth Group Inc. | Reduce -35.9% | 1.37% | −0.63 |
| AME Ametek Inc. | Reduce -52.2% | 0.66% | −0.58 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.46 |
| TRU Transunion | Reduce -37.9% | 1.68% | −0.42 |
| MSFT Microsoft Corp. | Reduce -0.7% | 4.36% | −0.21 |
| DHR Danaher Corp. | Reduce -6.0% | 1.60% | −0.21 |
| A Agilent Technologies Inc. | Reduce -14.5% | 1.43% | −0.15 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.08 |
| IR Ingersoll-Rand Inc. | Reduce -6.1% | 1.03% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -11.6% | 2.21% | −0.03 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.03 |
| USB US Bancorp | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -17.0% | 0.49% | −0.01 |
| HD Home Depot Inc. | Reduce -25.7% | 0.03% | −0.00 |
| GRAL Grail Inc. | Sold out | 0.00% | −0.00 |
| TT Trane Technologies PLC | Reduce -13.4% | 1.49% | +0.00 |
| ADP Automatic Data Processing | Reduce -14.9% | 0.07% | +0.00 |
| NOW ServiceNow Inc. | Reduce -27.6% | 1.47% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -2.4% | 3.33% | +0.09 |
| ACN Accenture PLC Class A | Reduce -5.0% | 1.49% | +0.18 |
| ORLY O'reilly Automotive Inc. | Reduce -4.1% | 2.18% | +0.21 |
| MA Mastercard Inc. Class A | Reduce -7.6% | 2.16% | +0.26 |
| SPGI S&P Global Inc. | Reduce -2.4% | 2.45% | +0.26 |
| V Visa Inc. Class A | Reduce -5.0% | 2.73% | +0.38 |
| TW Tradeweb Markets Inc. Class A | Reduce -4.3% | 2.29% | +0.40 |
Portfolio Buys Q3 2024 → Q4 2024
| AJG Arthur J Gallagher & Co. | New | 1.74% | +1.74 |
| BXSL Blackstone Secured Lending F | New | 1.07% | +1.07 |
| FTNT Fortinet Inc. | Add +4.3% | 2.16% | +0.88 |
| AVGO Broadcom Inc. | Add +907.8% | 2.47% | +0.84 |
| CME Cme Group Inc. | Add +22.0% | 2.42% | +0.80 |
| AMZN Amazon.com Inc. | Add +2.2% | 3.94% | +0.57 |
| NICE Nice Ltd. - Spon ADR | Add +14.1% | 1.90% | +0.56 |
| KO The Coca-Cola Co. | Add +22.7% | 2.44% | +0.46 |
| ANSS Ansys Inc. | Add +11.9% | 2.39% | +0.41 |
| ILMN Illumina Inc. | Add +20.5% | 1.13% | +0.41 |
| ABT Abbott Laboratories | Add +12.4% | 1.73% | +0.35 |
| MCD McDonald's Corp. | Add +5.3% | 1.94% | +0.35 |
| DE Deere & Co. | Add +11.2% | 1.44% | +0.32 |
| ZTS Zoetis Inc. | Add +21.8% | 1.96% | +0.27 |
| UNP Union Pacific Corp. | Add +15.8% | 1.45% | +0.26 |
| IEX Idex Corp. | Add +10.1% | 1.58% | +0.25 |
| NVDA Nvidia Corp. | Add +2.3% | 1.94% | +0.24 |
| MRSH Marsh & McLennan Cos | Add +10.5% | 1.85% | +0.24 |
| ARCC Ares Capital Corp. | Add +31.6% | 0.77% | +0.23 |
| SYK Stryker Corp. | Add +4.7% | 1.79% | +0.22 |
| HDB HDFC Bank Ltd.-ADR | Add +9.1% | 1.95% | +0.20 |
| INTU Intuit Inc. | Add +11.5% | 2.02% | +0.20 |
| AVTR Avantor Inc. | Add +4.5% | 1.79% | +0.10 |
| NEE Nextera Energy Inc. | Add +5.0% | 1.48% | +0.08 |
| TXN Texas Instruments Inc. | Add +4.3% | 1.60% | +0.06 |
| SNPS Synopsys Inc. | Add +22.1% | 2.19% | +0.05 |
| AMT American Tower Corp. | Add +5.5% | 1.26% | +0.03 |
| MDT Medtronic PLC | Add +14.8% | 0.15% | +0.02 |
| CSCO Cisco Systems Inc. | Add +27.6% | 0.06% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +3.6% | 2.13% | +0.02 |
| JNJ Johnson & Johnson | Add +30.4% | 0.06% | +0.01 |
| PG The Procter & Gamble Co. | Add +7.7% | 0.04% | +0.00 |
| ICLR Icon PLC | Add +45.4% | 2.15% | +0.00 |
| ROP Roper Technologies Inc. | Add +4.3% | 2.36% | −0.01 |
| BEP Brookfield Renewable Partner | Add +1.9% | 0.95% | −0.04 |
| NXPI NXP Semiconductors NV | Add +21.1% | 1.78% | −0.07 |
| ARE Alexandria Real Estate Equit | Add +4.0% | 1.30% | −0.15 |
| ADBE Adobe Inc. | Add +4.8% | 1.90% | −0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 55 | $6.2B | GOOG, MSFT, AMZN, AVGO, V |
| Q3 2025 | 53 | $6.3B | MSFT, GOOG, AMZN, AVGO, V |
| Q2 2025 | 53 | $6.1B | MSFT, AMZN, GOOG, V, SPGI |
| Q1 2025 | 55 | $5.6B | MSFT, AMZN, BIP, ROP, V |
| Q4 2024 | 59 | $6.3B | MSFT, AMZN, GOOG, V, AVGO |
| Q3 2024 | 69 | $6.5B | MSFT, AMZN, GOOG, ROP, V |
| Q2 2024 | 69 | $6.5B | MSFT, AMZN, GOOG, ROP, V |
| Q1 2024 | 69 | $6.5B | MSFT, AMZN, GOOG, ICLR, NICE |